igotthemojo
11時間前
"Your relentless need to call the Kings contract a "failure""
its called a desire to be factual and honest...you should try it sometime...
" while ignoring Kings’ blatant failure to fulfill their funding obligation is peak deflection, intellectual dishonesty, or outright trolling—take your pick."
the contract required the Kings group to fund the necessary r/d to get kblb to a point where they could produce commercially?...lol...you might want to re-read the contract because kblb was already supposed to be ready for commercialization...turns out they werent...and four years later they STILL were not...
" Ignoring the dual responsibilities of a joint venture"
the Kings were ready to fulfill their obligation...but first, kblb had to perform THEIR obligations, which they failed to do...
"dismissing the MASSIVE progress KBLB made as a result of those challenges isn’t just misleading, it’s laughably transparent."
i did not dismiss anything...kblb has progressed...but they also failed to perform as required in the contract...
"pretending every hurdle is a failure"
the contract wasnt a "hurdle"..it was a promise to provide product and they failed to do that...
arachnodude
15時間前
Yeah, don't read the contract. A "joint venture" is one-sided? This beating the "failure" horse is so foolish. Invest in a company who has progressed the advancement of Spider Silk like no other and will be the first to bring it to full-scale, SUSTAINABLE, Commercialization, but, call every progressive step a "failure" along the way. Have at it. SMH
igotthemojo
15時間前
“If one agrees to purchase something but can't come up with the money to purchase that something, and they are under contract to do so, the other party set to produce for that contract cannot reasonably be labeled a 'failure' for not fulfilling their end of the agreement.”
This is true, but it has NOTHING to do with the Kblb and Kings contract…kim himself stated that Kblb was unable to produce a quality, consistent product that met his standards for commercialization…he eventually got rid of GSS altogether…and he spent the next few years trying to solve the various problems…it was not until Dr Kumar arrived that real progress was made…
The idea that the problem was that the kings didn’t have the money to pay for the product is utterly ridiculous…
Kim thought he was ready to mass produce when he signed that contract…he wasn’t…and 4 years later the contract expired without one cent being made by anyone…
That is a failure…and no matter how you try to convolute the situation and pretend it was someone else’s fault, kim himself has already admitted his failure in that contract…so I’m not really sure why you are on this crusade to save someone who has already admitted his failure…
Trying to place the blame on the kings is foolish nonsense…
“ "Failure?" Not until we see the end result of the relationship. Let's consider it a "Work in Progress."
The JV was a 5 yr commitment…the contract was 4 yrs…that was so a new contract could be negotiated and the JV extended…it was not done in anticipation of failure…lol
Bottom line, the JV remains in effect and the contract ended in failure…
arachnodude
16時間前
Talk about a twisted reality! The Army contract was a cost-plus-fixed-fee (CPFF) agreement, which you properly point out. But, you failed to point out that CPFF contracts aren’t about guaranteed deliverables like ordering off a menu—they’re about funding research and development in uncharted territory. The Army was fully aware they were investing in an exploratory project with inherent challenges. That’s why the contract reimbursed costs and included a fixed fee for KBLB’s efforts, not for a guaranteed pile of shoot packs or 100 kilograms of silk on a strict timeline.
And what did KBLB do with those funds? They used the contract monies to:
—Develop their own laboratory, breaking free from dependency on Notre Dame’s facilities. This was a pivotal step in ensuring KBLB’s independence and scalability. As we can see in their progress timeline.
—Develop nearly pure spider silk from their own lab. This achievement aligns directly with the Army’s request to ‘develop a thread stronger than anything currently available.’ In other words, the contract achieved exactly what it was intended to—advancing the technology.
You twist standard contract adjustments, like the Army withholding funds for work not completed, into some punitive measure. That’s not how CPFF contracts work. Adjustments are normal, expected, and reflective of the nature of experimental R&D agreements. The Army didn’t withdraw funds out of anger—they did it because the project was still in development, and the funds were allocated based on progress, not final deliverables.
These advancements continue to shape KBLB’s progress today, paving the way for commercialization and scalability. Your narrative, on the other hand, is deliberately crafted to sensationalize and mislead, ignoring the complexities of innovation and the tangible progress KBLB has made.
arachnodude
20時間前
the kings promised to market and promote the product once kblb provided them with that product...providing the product HAD to occur first...and that never happened...its as simple as that...
Go read the contract again. That's not what is stated. But, I get that's how one wants it to appear when trying to push this "KBLB failure" point.
My point...
If one agrees to purchase something but can't come up with the money to purchase that something, and they are under contract to do so, the other party set to produce for that contract cannot reasonably be labeled a 'failure' for not fulfilling their end of the agreement. The blame lies with the party who failed to meet their contractual obligation to secure funding. In this case, Kings agreed to raise the necessary money but didn’t deliver. Without the required financing in place, production for that contract becomes a moot point.
Calling KBLB a failure for not producing under these circumstances is not only ignorant of how contracts work but also blatantly unfair. If Kings couldn’t uphold their end, there’s no valid basis to claim that KBLB failed to uphold theirs.
Now that some can see a flip side to the contract, logic shows that both parties mutually agreed to honor their 5-year commitment to the relationship and modify accordingly when both parties are "ready." Ready for what? We'll, the launch of their joint venture. Thankfully, the business side of things was factored into the contract! They must've known how things might have changed along the way. Looking back, it's easy to see the path forward. "Failure?" Not until we see the end result of the relationship. Let's consider it a "Work in Progress."
igotthemojo
1日前
"However, all will quickly be forgiven and forgotten if and when he sells product. 2025 will either be the year he redeems himself or he finally puts the nail in his own coffin imo"
yup...thats what i think also...my hope is that the financing will only involve a minimum amount of dilution...in the form of warrants...we should be able to get a decent rate on a loan now...but if we have to wait until tonnage and revenue, thats fine also...we have time...but the sooner we get the cash, the faster we can expand...and the sooner that happens, the better...
what i dont want to see is a deal that is all dilution involving 75-100 mil shares...all dilution is fine if we are around .40-.50 pps or more...if we are around .75 then kim should go for $15 mil cash...
no telling how things will go...there are so many variables that depend on so many if's and's and but's...whatever happens, ill be happy as long as the pps is rising in a long term uptrend...
arachnodude
1日前
Reality isn’t swayed by your echo chamber. Contracts are two-way streets, progress isn’t linear, and your ‘credibility’ argument is just your coping mechanism for not grasping the fundamentals of business.
And just because a former troll, who now straddles the fence because they’re ‘invested’ instead of trading, decides to side with you, doesn’t mean a thing. Their wobbly endorsement doesn’t make your argument any more valid—it just proves reality doesn’t bend to opinions, especially uninformed ones.
gimmegimmeminemine
1日前
I agree with you, Mojo about the failure, but you are not trying to hurt the stock price, gimme is imo and the argument has become tiresome.
There would be no argument if the Kim apologist could just admit the obvious. Or just stop arguing it. But he is like you, who thinks things posted on here effect the share price. So he feels compelled to argue the point no matter how far fetched or stupid his realty is.
I chuckle everytime someone complains about shorters or MM's manipulating the share price. Then it's the posters slamming the share price down.
I have some news for you. The person who has effected the share price the most and in the negative way is the CEO. With his stupid uplist plan, lack of follow thru, far to many missed timelines and vague statements.
I thought he had changed his ways when the picture of the hank was released but he slowly went back to his old habits.
The CEO is the one you should be taking your frustrations out on. Not anonymous posters on a tiny insignificant message board.
igotthemojo
1日前
No one on this board has the power to affect the pps with their comments…
The pps will do what it will do until kim announces tonnage and customers, sales and revenue…and when that happens, NO ONE will be able to stop the rise in pps…
Until then, there will be malcontents and snivelers who will post horseshit like “nothing burgers” who get then get congratulated by their same kind…
They will all slink away, change their alias and infect some other stock board…that’s just how it is…
Speaking of slinking away, anyone heard from truth lately?…
Lol
jake12
1日前
I knew Kim failed on that contract two years ago when it was obvious he couldn’t fulfill small contracts even if he had any. I agree with you, Mojo about the failure, but you are not trying to hurt the stock price, gimme is imo and the argument has become tiresome. I want to hear argument about who is physically attacking the PPS, how and why. I have my opinion about who and I think it is some who post on this board to a significant extent. Whoever is behind it has a personal grudge and just enjoys retarding the PPS daily and successfully I might add! That is how they support their argument, tiresomely.
igotthemojo
1日前
Gotta say, I agree with you 100%…it is what it is…and it was a failure…theres no doubt about it..
A contract was signed where Kblb was to provide a product and the kings would pay up to $40 mil for that product…
Kblb failed to provide any product and that contract died on the vine after 4 years…that is not a “delay”, lol, that is plain and simply a failure…
I’m pro Kblb…I am invested…and I believe they will succeed…but I’m not going to pretend to not see what is obvious or sugarcoat the problems they have had…
And yes, the many failures that Kblb has had are mainly due to Kim stating he could do something and then failed to do it…and yes, when you continually fail to do what you have stated you will do, that DOES damage to your credibility and the company you represent…
It’s a harsh reality but it is a fact…
arachnodude
1日前
KBLB reality is "spin" and Gimme reality is "truth." Got it. The harsh reality is, you’ve chosen delusional, negative thinking to soothe your own emotions instead of facing the bitter truth: you invested in something you didn’t fully understand, and now you’re trying to strong-arm it to fit your expectations.
Newsflash: that’s not how business works. KBLB isn’t here to cater to your impatience or misguided notions. They’re building something revolutionary on their timeline, not yours. So while you cling to your narrative, the rest of us will stick with the facts and watch progress unfold—whether you like it or not.
#RealityCheck #ProgressNotPouting #KBLBMovingForward
arachnodude
1日前
You say, ‘You don’t sign a contract unless you know you can deliver.’ That’s cute, but anyone who’s actually familiar with innovation knows that development contracts in emerging industries are often aspirational. They involve risk, experimentation, and yes, sometimes delays. Welcome to the real world of business.
The only thing failing here is your ability to understand the nuances of KBLB’s strategy. You want to call it a failure? Fine, but then by your logic, every delayed product launch in the history of tech and biotech is a failure too. Newsflash: progress isn’t always linear, and throwing tantrums about timelines won’t change that.
While you're solely questioning Kim's credibility, maybe take an opportunity to review the contract between the parties involved. Then ask, did Kings live up to their side of things? Weren't they responsible for obtaining funding for material purchases? Did they? Maybe the Steering Committee met and decided, mutually, that both parties should solidify their positions? KBLB to ensure "The Next Biggest Technological Advancement in Clothing" was sustainable. Not just spit out, recalibrate, then spit out again. Fully sustainable! Meanwhile, Kings was given the latitude to secure the funding they are responsible for. Solidifying their position as well. That way, when the partnership launches product, all parties and products are sustainable!
Nah. Too fun to just point fingers one opinionated, emotional way. SMH
arachnodude
2日前
A missed milestone or shift in approach isn’t a ‘failure’—it’s how business works, especially in a field as complex as spider silk commercialization. Your inability to grasp that is the real failure here.
You gave your reasons for doubting KBLB will start sales in February, and that’s fine. But when your reasons are built on speculative math, cherry-picked assumptions, and your favorite buzzphrase (“credibility issues”), it’s hard to take you seriously.
And, by the way, the only credibility issue here is your refusal to accept reality. You continue investing time in a company led by someone you claim is unreliable. Either you’re here because you believe in the potential, or you’re here out of spite—but either way, your endless chant of “credibility issues” is just noise at this point.
I guess instead of saying "circular arguments" and "cya," I should have said..."a full-on seminar in selective reasoning." SMH
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